Separation From MBA
A financial crisis in 1875 was resolved when the Peabody Fund made a large donation, and the University of Nashville's operations were split into three different entities.
The board of trustees that had operated the University of Nashville since its re-incorporation in 1826 remained intact and were given the operations of the Montgomery Bell Academy preparatory school. The medical school became part of Vanderbilt University. The literary arts collegiate program received the financial donation from the Peabody Fund, established a new board of trusteees and was renamed the Peabody Normal School, but many continued to refer to it as the University of Nashville.
Read more about this topic: University Of Nashville
Famous quotes containing the words separation from and/or separation:
“On a subconscious level your child experiences separation from you as a “punishment.” And if he is to be “rewarded” with your return, he must be very good.... Eager for you to come back, your finicky son would probably eat liver if your baby-sitter served it, and he wouldn’t dream of resisting her at bathtime.”
—Cathy Rindner Tempelsman (20th century)
“The scholar was not raised by the sacred thoughts amongst which he dwelt, but used them to selfish ends. He was a profane person, and became a showman, turning his gifts to marketable use, and not to his own sustenance and growth. It was found that the intellect could be independently developed, that is, in separation from the man, as any single organ can be invigorated, and the result was monstrous.”
—Ralph Waldo Emerson (1803–1882)